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everything from defense to education to food safety to environment programs all impacted. the bush era tax cuts will expire with a hike in tax rates for all brackets. 26 million more taxpayers will be hit with the amt. the payroll tax holiday expires and the federal unemployment benefits extension will also expire. the nonpartisan congressional budget office says that would cause the economy to contract and push unemployment over 9%. david cody, one of those that took part in the meeting, says if a compromise can't be reached, it could send a very bad message to the markets. >> you could have a recession far greater than forecasted because now you get to this crisis of confidence that says my god, those guys can't govern at all anymore. the most fiscally responsible big nation in the world just can't govern itself, so what hope do you have? >> if congress does not act, growth will stall. jobs will be lost and our nation's credit will be hurt. >> the business round table, a lobbying group of the country's leading ceos, began running print and web spots to pressure republica
everything from defense to education to food safety to environment programs all impacted. the bush era tax cuts will expire with a hike in tax rates for all brackets. 26 million more taxpayers will be hit with the amt. the payroll tax holiday expires and the federal unemployment benefits extension will also expire. the nonpartisan congressional budget office says that would cause the economy to contract and push unemployment over 9%. david cody, one of those that took part in the meeting, says...
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Nov 14, 2012
11/12
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it is the wrong stock for this environment. >> susan. >> how do you feel about exel? >> i like exel. and by the way, another one of -- another one of our specs, dbax, nice move today. remember, i am in favor of speculation as long as it's only one small piece of your portfolio. and that is the conclusion of and that is the conclusion of the lightning round. but whetr he's climbing everest, >>> everybody is freaking about about washington. the fiscal cliff is a man made problem that congress and the president created. if they would stop squabbling with each other they could solve this thing with the stroke of a pen. i'm not trying to minimize the scale of the problem. it could send our economy back into a recession. i'm going to keep going. people are saying why is this stock and that stock down. it is always the same. it is because the fiscal cliff. it is killing stocks. but you know what? some of the stocks that would be the worst hit, the defense contractors, are telling a different story. as a big part of the cliff, they are telling a different story. i'm talking a
it is the wrong stock for this environment. >> susan. >> how do you feel about exel? >> i like exel. and by the way, another one of -- another one of our specs, dbax, nice move today. remember, i am in favor of speculation as long as it's only one small piece of your portfolio. and that is the conclusion of and that is the conclusion of the lightning round. but whetr he's climbing everest, >>> everybody is freaking about about washington. the fiscal cliff is a man...
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Nov 14, 2012
11/12
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WBAL
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it is the wrong stock for this environment. >> susan. >> how do you feel about exel? >> i like exel. and by the way, another one of -- another one of our specs, dbax, nice move today. remember, i am in favor of speculation as long as it's only one small piece of your portfolio. and that is the conclusion of the lightning round. a febreze experiment. can a 30-day-old pluggable febreze make even this old container smell fresh? take a deep breath. describe the room that you're in. i think just like a big, open space. like i'm hanging the sheets on the line. and it smells really fresh, man. let's take your blindfold off. oh! [ both laugh ] super-weird! oh, is it febreze? yeah. ohh, how about that? febreze has anti-clogging technology that keeps it smelling fresh, even after 30 days. febreze. breathe happy. i have a cold, and i took nyquil, but i'm still "stubbed" up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't have a decongestant. no way. [ male announcer ] sorry. alka-seltzer plus fights your worst cold symptoms plus
it is the wrong stock for this environment. >> susan. >> how do you feel about exel? >> i like exel. and by the way, another one of -- another one of our specs, dbax, nice move today. remember, i am in favor of speculation as long as it's only one small piece of your portfolio. and that is the conclusion of the lightning round. a febreze experiment. can a 30-day-old pluggable febreze make even this old container smell fresh? take a deep breath. describe the room that you're...
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Nov 14, 2012
11/12
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CNBC
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john chambers has executed in a very tough environment. >> next a it is hip to be square. the payment company announced on twitter it has hit $10 billion in processed payments before starbucks starts using square. starbucks will add 6 billion more a year so you can use square to buy your tea vana tea. >> we can't trade square because it is not public. to us veri phone. we have been short. pay anywhere. tons of them. >> celebrity trades. >> first go long channing tatum. i have been accumulating tatum calls for a long time. it is one of my best investments. take profits on the beebe. justin bieber pulled over by police driving a ferrari. he broke up with his girlfriend so expect volatility in the near term. you can never go wrong investing in one californian. kevin bacon all stories lead to him. we discover the six degrees through kevin bacon. the two biggest stories this week. general petraeus links to kevin bacon leads to her starring role in the closer which leads to john mcaffee. >> he claims to be a new yorker. we want to take credit for kevin bacon here. >> do we? >> h
john chambers has executed in a very tough environment. >> next a it is hip to be square. the payment company announced on twitter it has hit $10 billion in processed payments before starbucks starts using square. starbucks will add 6 billion more a year so you can use square to buy your tea vana tea. >> we can't trade square because it is not public. to us veri phone. we have been short. pay anywhere. tons of them. >> celebrity trades. >> first go long channing tatum. i...
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Nov 14, 2012
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>> mike, it's tough to do this show in this environment. how have you been? >> caller: great. a big boo-yah from -- >> a great school. many of my teachers from springfield high, montgomery county went there. what's up? >> caller: i have some stocks for you. apple. aapl. express scripts. esrx. humana, hum. verizon, vz. and excelon, exc. am i diversified? [ buzzer ] >> all right. here we go. apple is tech. excelon is utility. that's the old philly olec. and comoil -- seem to be committed to the dividend which is why it's going down. expression scripts is a pharmacy benefits manager. verizon is telco. these two are too much alike. even though express scripts is down i want to get rid of that, pick up some more yield. i want to go with -- unless it's retired i want to go with the mark west which held up very well. mass limited partnership. health care, utility. be careful of that yield. i'd prefer you to be in duke because they're not going to get rid of their dividend. apple's tech and verizon nice yield. give you a little yield protection and also a little less beta. wow. hey. e
>> mike, it's tough to do this show in this environment. how have you been? >> caller: great. a big boo-yah from -- >> a great school. many of my teachers from springfield high, montgomery county went there. what's up? >> caller: i have some stocks for you. apple. aapl. express scripts. esrx. humana, hum. verizon, vz. and excelon, exc. am i diversified? [ buzzer ] >> all right. here we go. apple is tech. excelon is utility. that's the old philly olec. and comoil --...
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Nov 14, 2012
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headline driven in this environment. yesterday you saw the sharp rally toward the end of the session. was it because of the rumor that spain might have a bailout or was it the rumor that potentially they were bundled 44 million euros together for greece? i don't know. it clearly moved the market, both of those things incidentally didn't happen. longer term, if you look at what is happening, europe versus the united states, you can see the effect of the fiscal cliff in the wake of the obama victory. here you see the yellow line here is the top 50 blue chips in europe. how they have traded over the last month. this is the dow jones industrial average. you'll see that under performance now, 4.5% as a result arguably of that fiscal cliff and arguably where the election left us. >> it's going to get tougher sledding. >>> meantime other capital markets op-ed, gary is looking although a few charts as he did yesterday. >> you know, carl, great piece by riches warning people about bond funds versus bonds. a lot of people ignore t
headline driven in this environment. yesterday you saw the sharp rally toward the end of the session. was it because of the rumor that spain might have a bailout or was it the rumor that potentially they were bundled 44 million euros together for greece? i don't know. it clearly moved the market, both of those things incidentally didn't happen. longer term, if you look at what is happening, europe versus the united states, you can see the effect of the fiscal cliff in the wake of the obama...
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Nov 14, 2012
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> reporter: i'm scott budman with a new fuel made here in the bay area that algae to help clean the environment. coming up, why it soon may be the way you fill up. >>> plus the news that will have dungeoness crab lovers feeling a little crabby. >> reporter: and i'm jeff ranieri live in san jose where brandon high is getting into the spirit, the giving spirit tonight. >> let's stop hunger. let's stop hunger! let's stop hunger! >>> good news, bad news for lovers of bay area dung juness crab. the good news, there will be crab by the end of the week. the bad news, fans may have to fork over a bit more money for it. >> if you're a dungeoness crab lover, then this is exactly the scene you want to see two days before the start of the commercial season. winches loading boats with crab pots. fork lifts racing about, and yesterday's fish becoming tomorrow's bait. >> everybody is just doing their final preparations, moving drops and trying to get organized for tomorrow. >> reporter: things around fishermen's wharf didn't look like this last year at this time. a price dispute between fishermen and processo
> reporter: i'm scott budman with a new fuel made here in the bay area that algae to help clean the environment. coming up, why it soon may be the way you fill up. >>> plus the news that will have dungeoness crab lovers feeling a little crabby. >> reporter: and i'm jeff ranieri live in san jose where brandon high is getting into the spirit, the giving spirit tonight. >> let's stop hunger. let's stop hunger! let's stop hunger! >>> good news, bad news for lovers...
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Nov 14, 2012
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especially the thing about the ip spending environment, it's a tough spending environment. security is one of the few sub sectors that's holding up well and that's kind of a glimmer of hope in a tough macro. >> i presume they'd have to pony up, though. daniel, good to see you. thank you for joining us. >> looking for silver lining amid the cyber security storm clouds. >> one story to leave you with, in queensland in australia, earlier this morning they got a full solar eclipse, completely blocked out the sun at 6:39 local time. we might just see it before we go. >> wow. it's amazing. >> there we go. we've got it. >> and on that lunar shot, kelly and i will say goodbye. "squawk box" is up next. >> we'll see you back here tomorrow. >>> the looming fiscal cliff. some of the nation's best-known ceos are headed to the white house today to meet the with the president. >>> on the economic agenda, key reads on the consumer and inflation and that happens before the bell. in corporate news, cisco's first quarter results beat the street, but ceo john chambers cautions of flat earnings
especially the thing about the ip spending environment, it's a tough spending environment. security is one of the few sub sectors that's holding up well and that's kind of a glimmer of hope in a tough macro. >> i presume they'd have to pony up, though. daniel, good to see you. thank you for joining us. >> looking for silver lining amid the cyber security storm clouds. >> one story to leave you with, in queensland in australia, earlier this morning they got a full solar...
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Nov 14, 2012
11/12
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KCSM
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. >> that is what greenpeace is accusing the environment minister of, but he says that a solution needs to be found soon. >> i am still interested in the consensus. concrete steps are not yet decided, but we are running out of time. >> greenpeace wants to explore six underground locations containing clay, granite, and salt rock. >> we will be back in one minute with more news. >> that's right. stick around. >> welcome back. the leader of syria's new oppoition coalition has called from political recognition from europe and special weapons to defeat the syrian regime. >> the common comes as eu foreign ministers and members of the arab league meet in cairo to discuss the serious crisis -- the comment comes. but there's further troop that the syrian president's troops do not intend to give up -- but there was further proof that the syrian president's troops do not intend to give up. >> human rights workers say more than 100 people were killed across syria on tuesday. in cairo, eu foreign ministers have been meeting with representatives of the arab league. one key item on the agenda is agree
. >> that is what greenpeace is accusing the environment minister of, but he says that a solution needs to be found soon. >> i am still interested in the consensus. concrete steps are not yet decided, but we are running out of time. >> greenpeace wants to explore six underground locations containing clay, granite, and salt rock. >> we will be back in one minute with more news. >> that's right. stick around. >> welcome back. the leader of syria's new oppoition...
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Nov 14, 2012
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when we bought it just superior business model in a tough environment. if things get better, great, employment improves, we're going to have more hook-ups, housing improves, more connections, great growth story. if things don't get better, we're trying to protect for the downside and keep that optionalty if the economy improves. comcast could be a monster return on capital going forward. and that's been a big core holding for quite a while, as well. >> no kidding, you've done well -- you bought it down in the low 20s? >> i don't know the actual cost price in front of me. i can tell you it's been one of our big holdings for a couple of years. home depot and lowe's we bought at the end of '11. we had a thesis that housing was bottoming. and now the housing improvement is accelerating and that's a big deal for the u.s. economy when you think about the spillover effect in construction jobs, you know, furniture, auto, cement, everything that comes with household formation in new home purchases. >> well, we want to thank you for joining us today. >> my pleasur
when we bought it just superior business model in a tough environment. if things get better, great, employment improves, we're going to have more hook-ups, housing improves, more connections, great growth story. if things don't get better, we're trying to protect for the downside and keep that optionalty if the economy improves. comcast could be a monster return on capital going forward. and that's been a big core holding for quite a while, as well. >> no kidding, you've done well -- you...
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Nov 14, 2012
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FBC
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again, a specialty retailer, sometimes it's really tough and a hard retail environment. but the stock is up 18%. they have had a really good run of it. this one will be a good test of the overall consumer out there. tracy: i'm still thinking about justin bieber singing at a victoria's secret fashion show. he's too young. he needs a haircut. i'm so old, can't i can't even take it. sandra smith, thank you so much. he's like 12. up next, cisco systems moving higher today. reporting their first-quarter results. after the bell, coming up. countdown to the closing bell, liz claman will be speaking with john chambers. countdown to the closing bell is next. do not go anywhere. before copd... i took my son fishing every year. we had a great spot, not ey to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung funcon starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing better. and that mean
again, a specialty retailer, sometimes it's really tough and a hard retail environment. but the stock is up 18%. they have had a really good run of it. this one will be a good test of the overall consumer out there. tracy: i'm still thinking about justin bieber singing at a victoria's secret fashion show. he's too young. he needs a haircut. i'm so old, can't i can't even take it. sandra smith, thank you so much. he's like 12. up next, cisco systems moving higher today. reporting their...
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Nov 14, 2012
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CNN
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i've worked with him in that environment to know that he does not think of those things lightly and let me make it very clear that based on again, my discussions with him, he has not provided paula broadwell or anyone with information, classified information that they shouldn't have. >> has he had any conversation or contact with paula broadwell in the last few days? >> last few days, i'm not aware of any. she, up until everything that came out with the news, i'm sure she was still working on her dissertation. there was some potential contact back and forth over a little bit of time about that. you have to imagine somebody who is doing their dissertation is not going to just give up that entire body of work and research very easily. >> what about jill kelley? how do you describe david petraeus' relationship with her? >> i think very simply as close personal friends of not only david petraeus but of his wife, holly, as well. they met the kelleys not too long after they arrived at tampa, mcdill air force base, home of u.s. central command, where he became the commander october 31st, 2008.
i've worked with him in that environment to know that he does not think of those things lightly and let me make it very clear that based on again, my discussions with him, he has not provided paula broadwell or anyone with information, classified information that they shouldn't have. >> has he had any conversation or contact with paula broadwell in the last few days? >> last few days, i'm not aware of any. she, up until everything that came out with the news, i'm sure she was still...
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Nov 14, 2012
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CNNW
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lyric can also give you exceptionally clear, natural sound in quiet and noisy environments because of how it works with your ear's own anatomy. can your hearing aid do all this? lyric can. to learn more about lyric's advanced technology, call 1-800-511-3035 or visit trylyric.com for a risk-free 30 day trial offer and free dvd and brochure. get the hearing aid that can. lyric from phonak. lyric can. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ zimplt this is the cnn newsroom. we're continuing our special coverage right now. the president's first news conference since being re-elected. i'm wolf blitzer in washington. i'm joibd by our league suzanne malveaux. these shooes at the cnn center in tlapt. our gloria borger, our donna brazil and alex, our national security cred
lyric can also give you exceptionally clear, natural sound in quiet and noisy environments because of how it works with your ear's own anatomy. can your hearing aid do all this? lyric can. to learn more about lyric's advanced technology, call 1-800-511-3035 or visit trylyric.com for a risk-free 30 day trial offer and free dvd and brochure. get the hearing aid that can. lyric from phonak. lyric can. since ameriprise financial was founded back in 1894, they've been committed to putting clients...
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Nov 14, 2012
11/12
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WUSA
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. >>> they are the men and women who make sure hospitalized veterans are in a clean environment. more than 300 janitors at walter reed medical center say they haven't been paid in two weeks. supporters came out to stand in solidarity with the janitors tuesday at a rally in bethesda. 9news spoke with one of the frustrated employees. >> i have done the job. i have complied with their regulations and everything but i'm not getting paid. >> it tends to get frustrating. the federal contractor that employs the janitors says the government hasn't paid them so they can't pay their workers. >>> it is 5:52. making news now, business owners in lower manhattan may not be able to survive superstorm sandy, even those who have made enough repairs to be able to open have seen a dropoff in customers. many stores remain closed and even employees with open businesses are having their hours scaled back. >>> little good transportation news in new york after the big storm sandy. part of the battery tunnel reopened before last night's rush hour. 86 million gallons of water from sandy's storm surge swam
. >>> they are the men and women who make sure hospitalized veterans are in a clean environment. more than 300 janitors at walter reed medical center say they haven't been paid in two weeks. supporters came out to stand in solidarity with the janitors tuesday at a rally in bethesda. 9news spoke with one of the frustrated employees. >> i have done the job. i have complied with their regulations and everything but i'm not getting paid. >> it tends to get frustrating. the...
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MSNBC
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technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. domestic, abundant, clean energy to power our lives... wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. to volunteer to help those in need. when a twinge of back pain surprises him. morning starts in high spirits, but there's a growing pain in his lower back. as lines grow longer, his pain continues to linger. but after a long day of
technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. domestic, abundant,...
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Nov 14, 2012
11/12
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technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. >>> welcome back to "early start." more than two weeks after super storm sandy, thousands of people in new york are still in the dark and cold demanding answers right now. >> much of the anger is directed at the long island power authority or lipa for failing to respond to the big one. lipa is the target of a class-action lawsuit and its chief operating officer is stepping down. deb feriyak has been covering this for us. >> it's ban hot mess is the only way to describe it. you have an organization that basically hires out the power grid to a different contractor and what ended up happening is they basically lost control. they weren't prepared. they knew that the big storm was coming but reports said they didn't make the most basic changes like cutting tree branches so the wires wouldn't have to be taken down. this caused a lot of people to be plunged into darkness during the storm. people on long island are tired of the cold, the dark and the run-around f
technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. >>> welcome back to "early start." more than two weeks after super storm sandy, thousands of people in new york are still in the dark and cold demanding answers right now. >> much of the anger is directed at the long island power authority or lipa for failing to respond to the big one. lipa is the target of a class-action...